What does Foundation Alloy do?
Foundation Alloy specializes in producing net-zero metals using a proprietary powder-based process, enabling advanced manufacturing innovations for sectors such as energy, aerospace, automotive, and defense.
How much did they raise?
The company raised $7.5M in funding, with participation from investors including Alumni Ventures, America Frontier Fund, Engine Ventures, El Cap, Material Impact, and Yamaha Motor Ventures.
What are their plans for the money?
Foundation Alloy plans to use the funds to expand its operations and development efforts, which could accelerate the adoption of its sustainable metal production solutions across high-tech industries.
What have they achieved so far?
The startup has already demonstrated significant progress by piloting its proprietary alloys with leading customers in regions including the U.S., Japan, Germany, Switzerland, and Canada.
